Form 8-K · Current report
Sysco 8-K, filed Sep 9, 2026
- Filed
- CIK
- 0000096021
- Accession no.
- 0000950142-26-002525
Summary
Sysco reaffirmed its fiscal 2027 guidance, introduced a $500 million multi-year AI-powered efficiency program to be realized by fiscal 2029, and raised its mid-term targets for fiscal 2028 and 2029. Chair and CEO Kevin Hourican said the savings will come from truck routing, merchandising and sales, and said the company expects to close the Jetro Restaurant Depot transaction by the third quarter of fiscal 2027.
Key points
- Sysco reaffirmed fiscal 2027 guidance of net sales growth of about 6% to 7% to roughly $90 billion and adjusted EPS of $5.02 to $5.12, growth of about 9% to 11%, including a 53rd week.
- Mid-term targets were raised for fiscal 2028 and 2029 to net sales growth of 4% to 7% (previously 4% to 6%) and adjusted EPS growth of 9% to 11% (previously 6% to 8%).
- The AI efficiency program targets at least $500 million in savings by fiscal 2029, building on $100 million of in-year net cost savings already included in fiscal 2027 guidance, with structural cost-out targets added to the company's long-term equity performance program.
- Program workstreams include supply chain productivity through routing software modernization and reduced miles driven, automation across merchandising and procurement, indirect spend management, and customer experience and back-office simplification.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 7.01 Regulation FD Disclosure. On September 9, 2026, Sysco Corporation (“Sysco”) issued a press release reaffirming its fiscal 2027 guidance, announcing its $500 million multi-year AI powered efficiency improvement program and raising certain mid-term financial algorithm targets. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The press release also announced that Sysco will be hosting a webcast presentation as part of the Barclays 19th Annual Global Consumer Staples Conference at 12:00 p.m., Eastern Time, on September 9, 2026. …
An excerpt of the text as filed with the SEC, cut for length.
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